Igas Energy Share Discussion Threads

[guy_fawkes] 31/10/2022 07:13

Wait till November 5th when I light my Bonfire

[fireplace22] 30/10/2022 13:08

Fracking was subject to residents consent, so cant see any reason why it wasn't allowed to proceed other than climate change dogma, actually doing something that increases our HC production would upset the green lobby irrespective of it having to be made up with imports. Got rid of heavy industry for the same reason, no sense to it but appears good. soon it'll be agriculture taking the hit, ever the downward slope.

[barony] 30/10/2022 11:02

Why would we want to produce gas in the UK when we can import it, increase our carbon footprint, destroy our balance of payment and miss out on high paid jobs and tax income?

[philgyuk] 28/10/2022 18:36

Sunak's action is purely a vote puller. He knows fracking isn't popular because the public have been terrified into thinking it isn't safe. The Tories currently have very poor poll ratings and he simply wants to rake back as many votes as he can! I hope Igas can find a legal route to compensation for their outlay.

[theblackbaron] 28/10/2022 16:03

Yawn 2,000bopd forecast in 2022 $60m income on 30m cap 😂☝A039;

[epifanio1] 28/10/2022 13:51

Just found some price sensitive news thats not been RNSd. I guess they're trying to protect shareholder value, however they still have a duty to inform the market nonetheless https://drillordrop.com/2022/10/26/surrey-rejects-igas-plans-for-grey-hydrogen-production/

[guy_fawkes] 28/10/2022 13:08

No need to frack to produce oil & gas if the Geologist carries out the correct research and wells are horizontally drilled at the right depth.

[bigboots] 28/10/2022 12:07

Wakey Wakey here.... off we go back to 40p

[theblackbaron] 28/10/2022 10:31

Lol est $30m profit at least come feb trading update clear debt and div all conventional oil & gas if recall this year oil average $100 and gas tripled

I repeat who cares about fracking this play about the cheapest oil& gas conventional assets listed on market

[bigboots] 28/10/2022 09:17

£30m market cap ... BONKERS

[bad gateway] 28/10/2022 08:38

Shales big again if they can sue for lost revenue under the ECT.
In 2017 the UK Gov set up the shale wealth fund to redistribute shale wealth to local communities.
They were to get 10% of revenues or £1B so if IGAS can sue for lost revenue as AST is the no's could be huge in relation to their marketcap.

[theblackbaron] 28/10/2022 08:31

Interesting igas has forcast $60m revenue est this year with conventional oil & gas and est $30m profit clearing small debt and div potential who cares about shale. Wonder when investors see the reality. Bought some this morning.

[officerdigby] 28/10/2022 08:02

It was political football.Ed Miliband believed he could use it to hit Tories.He has his "it won't make any difference to prices" line.. and Labour are selling the Tories ...only wanted to do it to line their pockets, also.Seems like that has some sway with voters.Sunak has caved to take the ball off the pitch.It doesn't take much to undermine Miliband's argument, local price in UK can quickly detach from internal price it has happened regularly this year. And 'as long as done safely' local fracking could do all mentioned in this mentioned in RNS and lower CO2 emmissions.All I wanted was a really debate. With facts and all advantages/disadvantages put in public space and IGAS's case put out TOO.But no!!. its football and ball taken away, locked away till next election.

[c2b] 28/10/2022 07:55

Badly handled by Truss and Rees-Mogg who had no answers on what community consent meant and what the new seismic limits might be, and making the matter a vote of confidence in Truss. Too hot to handle Sunak parks the issue for the time being and cancels the approach taken by Truss, but reading the ministerial statement the door remains slightly open ?

[iceagefarmer] 28/10/2022 07:32

sue sunak..WEF shill! traitor to the country and its people

[iceagefarmer] 28/10/2022 07:28

these politicians will go down in history as the most stupid people in history who have condemned the pensioners and the poor of this country to winters of cold and hardship and probably death...shame on you all!

www.electroverse.co for all the information on the coming cold times

[bad gateway] 28/10/2022 07:28

Feel quite chuffed. Emailed them Wed and told them to sue.
With their revenue stream for conventional secure and their huge shale prospects they feel like AST on steroids.

"IGas, its partners, and investors have invested significant sums in the development of shale gas both before the 2019 moratorium and again during this political debacle. On both occasions these investments were made in the belief that we were unlocking a strategically important resource and providing energy security for the UK. We continue to believe and assert that fracking for shale gas can and will be done safely and in an environmentally responsible manner. In light of the Government's totally unwarranted U-turn and, in the interest of our shareholders, we reserve the right to pursue any legal process available to us to recover the losses that we have incurred."

[bad gateway] 28/10/2022 07:21

Yes sounds like the UK is joining the list of those being sued using the ECT.
Can't say we don't deserve it.
How much have they invested in shale? Know they can sue for total future revenues as AST are doing so but would be good to have what they actually invested as a starting point.

[supercity] 28/10/2022 07:15

Mulling over a legal process to try and recover costs from the government- these things take years and years. They are not happy.

[kooba] 28/10/2022 07:12

Really is a crying shame that the answer to energy security during transition is being cast aside without due scientific process to assess risks. Companies like Igas that have invested in delivering an answer to our energy security needs deserve better."At expected recovery rates, this would equate to satisfying up to 19 years of the UK's gas demand giving this country both energy security for years to come as well as providing billions of pounds of investment into the East Midlands and the creation of thousands of skilled jobs."

[raideradg2] 27/10/2022 08:53

All the panic sellers mullered by the market makers first thing. Lol.

[kirk 6] 27/10/2022 08:52

I still most of my orders as clips on DMA. Only use RSP when needed